Okay so I have researched this topic a bit extensively and I believe I have come to a conclusion, maybe some of you have came to the same one as me, who knows, lets see… Bitcoin is basically the entire backbone of all cryptos. I honestly could see bitcoin outperforming gold this year. If it’s possible than there could be way more barriers being broken for all cryptos I’d imagine.
Now back to the topic at hand…
So the cheapest “top of the line” miners are not only insanely large, noisy, and power hungry for the consumer market, that it really isn’t the most profitable investment in the long term. The hardware needs to not only be maintained by you but any damages as well. Then there’s powering them which isn’t cheap unless you have an unlimited supply of free energy. It’s a lot of stake to put in for people who are still just grinding just to survive.
All of these factors scare me from attempting to get into owning any mining equipment.
Now cloud mining is what is revolutionizing. It brings the convinience of mining except none of the physical requirement for doing (hense the name cloud mining). Now I know most on here are at least somewhat familiar with mining, see people constantly talking about it, of course we’re on a crypto platform! This is just a comparison to put it simply.
So to answer the question…
Is cloud mining worth it in 2017…?
Yes, this year is the year for cloud mining. The rates for gh/s have only gone down and making returns has never been easier.
Getting started is even easier and here is my list of favorite cloud mining sites that I approve of and have some merit to them (Note all mining companies have some slight risk but as does all crypto).
HashFlare is the number one site with easy withdrawals. buy hash power and start mining. Sit back let the system work for you.
All in all, crypto is only growing as an idea, just as our consciousness is ever increasing with each passing day. So it’s best to be a part of it now early on so you can be ahead of the rat race. Decentralized currency is the future, time to embrace it.